Hedge fund firm RAB says assets fall 32 percent

Forbes – Hedge fund firm RAB Capital said on Wednesday that assets under management fell 32 percent in the six months to June but said clients had started putting money into its single strategy funds since April.

The firm said assets fell to $1.3 billion at end-June from $1.9 billion at end-December, in part due to the sale of its Northwest business. A year ago it ran $5.9 billion.